Friday, January 22, 2010

CRE Hell

That particular time bomb hasn't quite exploded, and when it does let's hope it doesn't take down the life insurance industry.

Jan. 21 (Bloomberg) -- U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., may face $15 billion in additional commercial real estate losses, most of which will be recognized in the next two years, Fitch Ratings said.